Foster & Motley Inc. Acquires 499 Shares of Oxford Industries, Inc. (NYSE:OXM)

Foster & Motley Inc. raised its holdings in shares of Oxford Industries, Inc. (NYSE:OXM) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,294 shares of the textile maker’s stock after purchasing an additional 499 shares during the quarter. Foster & Motley Inc.’s holdings in Oxford Industries were worth $931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in shares of Oxford Industries in the second quarter valued at about $28,000. Quest Partners LLC bought a new position in Oxford Industries in the 4th quarter valued at about $36,000. Natixis acquired a new stake in Oxford Industries during the first quarter worth approximately $109,000. SG Americas Securities LLC bought a new stake in shares of Oxford Industries during the first quarter worth approximately $137,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Oxford Industries in the first quarter valued at approximately $140,000. 91.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OXM. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Oxford Industries in a research note on Thursday. Citigroup lowered their price objective on Oxford Industries from $94.00 to $92.00 and set a “sell” rating on the stock in a research report on Thursday, June 13th. Finally, UBS Group reduced their target price on shares of Oxford Industries from $101.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $100.60.

Insider Transactions at Oxford Industries

In related news, EVP Thomas E. Campbell sold 17,540 shares of Oxford Industries stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $99.91, for a total value of $1,752,421.40. Following the transaction, the executive vice president now directly owns 24,865 shares of the company’s stock, valued at $2,484,262.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is currently owned by insiders.

Oxford Industries Trading Down 1.4 %

Shares of OXM stock opened at $84.38 on Friday. The stock has a 50 day simple moving average of $94.60 and a 200 day simple moving average of $101.52. Oxford Industries, Inc. has a 1 year low of $82.33 and a 1 year high of $113.88. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.32 billion, a P/E ratio of 34.16 and a beta of 1.53.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, June 12th. The textile maker reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.04). Oxford Industries had a return on equity of 23.78% and a net margin of 2.62%. The company had revenue of $398.18 million for the quarter, compared to analyst estimates of $404.81 million. During the same period last year, the company posted $3.78 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts predict that Oxford Industries, Inc. will post 8.8 earnings per share for the current fiscal year.

Oxford Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, July 19th. Oxford Industries’s payout ratio is presently 108.50%.

Oxford Industries Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.